XFLT enters interim sub-advisory agreement with King Street affiliate; shareholder meeting adjourned to Aug 6

XAI Octagon Floating Rate & Alternative Income Trust

Special meeting to approve new sub-advisory agreement adjourned to August 6, 2026, to solicit additional proxies.
Interim sub-advisory agreement with Rockford Tower Asset Management (King Street subsidiary) effective July 30, 2026, replacing Octagon Credit Investors.
King Street and affiliates had $30.0B in AUM as of Dec 31, 2025, including $12B in CLOs.
Young Choi appointed lead portfolio manager; Terry Ing appointed portfolio manager of the Trust.
Sub-adviser expense reimbursement capped at 0.07% per annum of average daily net assets.

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